Telegram has evolved from a simple messaging app into a powerful platform integrating blockchain and cryptocurrency functionalities. With the introduction of its native wallet and the TON Space beta, users can now send, receive, store, and trade digital assets directly within their chats—without ever leaving the app. This guide walks you through everything you need to know about setting up and using a cryptocurrency wallet on Telegram, including how to leverage TON Space for self-custody solutions.
Whether you're new to crypto or an experienced user, Telegram’s wallet offers both convenience and advanced features tailored to different needs. Let’s explore how you can make the most of this seamless in-app experience.
Understanding the Telegram Wallet
The Telegram Wallet is a built-in feature that allows users to manage cryptocurrencies like Toncoin (TON), Bitcoin (BTC), and Tether (USDT) right inside the app. It operates on the TON blockchain, making transactions fast, secure, and fee-free in most cases.
Unlike non-custodial wallets such as MetaMask, the default Telegram Wallet is custodial—meaning your keys are managed by a third party. While this raises some security considerations, it also simplifies recovery options if you lose access. Customer support can assist with password resets, which is not possible with fully decentralized wallets.
👉 Discover how easy it is to start managing your digital assets today.
Key features of the Telegram Wallet include:
- Send and receive crypto directly in any chat
- Buy, sell, or exchange TON instantly
- Use “multi-cheques” to distribute crypto to multiple users at once
- Access P2P markets for direct trading at competitive rates
- View balances across multiple assets (TON, BTC, USDT)
In September 2023, Telegram took a major step forward by introducing TON Space, a self-custody option within the same Wallet Bot. Still in beta, TON Space gives advanced users full control over their private keys and recovery phrases—ideal for those who prioritize autonomy and security.
This integration significantly boosted interest in Toncoin, with its price rising nearly 14% following the announcement. As Telegram continues expanding its Web3 ecosystem, early adopters stand to benefit from growing utility and adoption.
How to Set Up a Cryptocurrency Wallet on Telegram
Setting up your wallet on Telegram is quick and intuitive. Here's a step-by-step process:
- Open the Wallet Bot in Telegram (search for
@wallet). - Tap Start, then select Open Wallet.
- Follow the on-screen instructions to complete setup.
Once activated, your wallet dashboard will display several key components:
Total Balance
Displayed prominently at the top, your total balance can be viewed in various fiat currencies. To change the display currency:
- Tap the three dots in the upper-right corner
- Go to Settings
- Select your preferred currency
Add Funds
You can increase your balance through multiple methods:
- Buy with a bank card: Instant purchases using credit/debit cards
- P2P transactions: Trade directly with other users at negotiated rates
- Wallet transfers: Deposit funds from external wallets or exchanges
TON Space Beta
This section connects you to the decentralized side of the TON blockchain. From here, you can:
- Check your Toncoin balance
- Manage NFTs
- Interact with dApps (coming in future updates)
You can hide this section from your main view via settings if you're not ready to use self-custody features yet.
Multi-Asset Support
Currently, the wallet supports:
- Toncoin (TON)
- Bitcoin (BTC)
- Tether (USDT)
Telegram may add more digital assets in the future, further enhancing cross-chain functionality.
Funding Tools
These tools streamline deposits:
- Card payments
- Peer-to-peer trading
- External wallet transfers
Using TON Space for Self-Custody Wallet Management
TON Space is designed for users who want full control over their crypto holdings. As a non-custodial wallet, only you hold the private keys and recovery phrase—meaning no third party can access or recover your funds.
Setting Up TON Space
- From your main wallet screen, tap TON Space Beta.
- Choose between securing your wallet via email or a Secret Recovery Phrase.
- For maximum security, select Manual Backup and write down your 24-word recovery phrase.
- Store it securely—never share it or store it digitally.
- Confirm the words when prompted to finalize setup.
Once set up, your TON Space wallet is ready for use.
Key Functions in TON Space
Deposit Assets
Tap Deposit to generate a wallet address. Share this address to receive TON, NFTs, or Jettons (fungible tokens on TON).
Swap Tokens
Use the Swap function to exchange assets across decentralized exchanges (DEXs) integrated with TON Space. The process involves:
- Selecting the input token (e.g., USDT)
- Choosing the output token (e.g., TON)
- Confirming the transaction
Swaps incur minimal fees based on DEX liquidity and network conditions.
Gas Fees & Requirements
To ensure successful transactions:
- Maintain enough TON to cover gas fees
- Hold sufficient balance of the asset being swapped
- Verify compatibility with supported DEXs
👉 Learn how decentralized swaps work and start trading securely.
Frequently Asked Questions (FAQ)
Q: Is the Telegram Wallet safe to use?
A: The default custodial wallet offers ease of use and recovery options but relies on third-party management. For greater security, use TON Space—a self-custody solution where only you control access.
Q: Can I access my Telegram Wallet from multiple devices?
A: Yes, but only through the same Telegram account. If using TON Space, you must back up your recovery phrase to restore access on another device.
Q: Are there transaction fees when sending crypto?
A: Most transfers within the custodial wallet are fee-free. However, actions on TON Space (like swaps or NFT transfers) require small gas fees paid in TON.
Q: What happens if I lose my recovery phrase for TON Space?
A: Unfortunately, there is no recovery option. Without the phrase, you’ll permanently lose access to your wallet and funds.
Q: Does Telegram Wallet support NFTs?
A: Yes—TON Space allows you to view, send, and receive NFTs built on the TON blockchain.
Q: Can I trade other cryptocurrencies besides TON?
A: Currently, direct trading is limited to supported assets like USDT and BTC within P2P markets. Swaps via TON Space expand available options through DEX integrations.
Final Thoughts
Telegram has successfully bridged messaging and cryptocurrency management into one seamless experience. Whether you prefer the simplicity of a custodial wallet or the autonomy of self-custody with TON Space, there’s a solution for every type of user.
By following this guide, you’re now equipped to:
- Set up and fund your Telegram Wallet
- Navigate core features like sending, receiving, and swapping
- Explore decentralized capabilities through TON Space
As Telegram continues to expand its blockchain ecosystem, early engagement offers both practical utility and potential upside.
👉 Take control of your digital assets—start exploring today.
Remember: always practice good security habits—especially when handling recovery phrases—and stay informed about regulatory requirements in your region. The information provided here is for educational purposes only and does not constitute financial advice.